Standard Chartered (STAN)

Sector:

Banking

Index:

FTSE 100

781.60p
   
  • Change Today:
    -4.20p
  • 52 Week High: 787.20
  • 52 Week Low: 573.80
  • Currency: UK Pounds
  • Shares Issued: 2,579.39m
  • Volume: 5,813,611
  • Market Cap: £20,160m
  • RiskGrade: 172

Deutsche Bank reiterates 'buy' on StanChart, says higher rates will boost profits

By Alexander Bueso

Date: Thursday 17 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Robert Noble at Deutsche Bank reiterated his 'buy' recommendation for shares of StanChart, forecasting that the lender's profitability was set to expand significantly through 2024, boosted by interest rates.
As well, the shares were offering "substantial value", they said, estimating that they were trading on a 2024 price-to-earnings multiple of 4.3 and 0.4 tangible book value.

Yet the lender was targeting a return on tangible equity of greater than 10.0% by 2024.

Noble did however concede that StanChart was unlikely to show the improvement in so-called 'jaws' during the first quarter required by the longer-term path to its target for a RoTE of greater than 10.0%.

Indeed, he believed that it would take some time to close the valuation gap.

The analyst nevertheless bumped up his target price from 610.0p to 620.0p.



Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Standard Chartered Market Data

Currency UK Pounds
Share Price 781.60p
Change Today -4.20p
% Change -0.53 %
52 Week High 787.20
52 Week Low 573.80
Volume 5,813,611
Shares Issued 2,579.39m
Market Cap £20,160m
RiskGrade 172

Standard Chartered Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.47% above the market average83.47% above the market average83.47% above the market average83.47% above the market average83.47% above the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average
Price Trend
77.53% above the market average77.53% above the market average77.53% above the market average77.53% above the market average77.53% above the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Income
3.4% below the market average3.4% below the market average3.4% below the market average3.4% below the market average3.4% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Growth
42.00% above the market average42.00% above the market average42.00% above the market average42.00% above the market average42.00% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 7
Sell 1
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Standard Chartered Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Mar-24 10-Aug-23
Paid 17-May-24 13-Oct-23
Amount 21.00¢ 6.00¢

Trades for 17-May-2024

Time Volume / Share Price
16:51 975 @ 781.60p
16:51 755 @ 781.60p
16:47 17,250 @ 783.49p
16:36 18,883 @ 781.60p
16:36 479,694 @ 781.60p

Standard Chartered Key Personnel

Chair José Viñals

Top of Page